Lakewood Shomrim Inc
Lakewood Shomrim Inc. shows strong financial growth and zero reported executive compensation over a decade.
EIN: 204862570 · Lakewood, NJ · NTEE: I20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $376K |
| Program Spending | 90% |
| Net Assets | $329K |
| Transparency Score | 92/100 |
Is Lakewood Shomrim Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lakewood Shomrim Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lakewood Shomrim Inc
Lakewood Shomrim Inc (EIN: 204862570) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code I20. The organization reported total revenue of $1.2M and total assets of $736K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lakewood Shomrim Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lakewood Shomrim Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 22.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $461K |
| Total Expenses | $376K |
| Surplus / Deficit | +$85K |
| Total Assets | $396K |
| Total Liabilities | $67K |
| Net Assets | $329K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 16.9% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2022, Lakewood Shomrim Inc reported a surplus of $85K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 16.9% (very low leverage).
Financial Trends
Over 10 years of filings (2013–2022), Lakewood Shomrim Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +133.3% | +109.4% | +28.5% |
| 2021 | +41.5% | +14.5% | +36.5% |
| 2020 | -12.4% | +22.2% | -6.7% |
| 2019 | +4.7% | -14.0% | +16.2% |
| 2018 | -24.2% | +44.0% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lakewood Shomrim Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lakewood Shomrim Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $85K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all ten years of available filings, indicating that the organization's leadership operates on a volunteer basis, which is highly commendable for an organization of its growing size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Lakewood Shomrim Inc:
- Strong and consistent revenue growth, from $73,503 in 2013 to $460,935 in 2022.
- Zero reported officer compensation across all ten years of filings, indicating volunteer leadership.
- Healthy financial surpluses in most years, such as $85,210 in 2022 (Revenue $460,935 vs. Expenses $375,725).
- Significant asset growth from $14,294 in 2013 to $395,613 in 2022, demonstrating financial stability.
- Consistent filing of IRS 990 forms over a decade, indicating transparency.
Frequently Asked Questions about Lakewood Shomrim Inc
Is Lakewood Shomrim Inc a legitimate charity?
Lakewood Shomrim Inc (EIN: 204862570) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lakewood Shomrim Inc spend its money?
Lakewood Shomrim Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lakewood Shomrim Inc tax-deductible?
Lakewood Shomrim Inc is registered as a tax-exempt nonprofit (EIN: 204862570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lakewood Shomrim Inc's spending goes to programs?
Lakewood Shomrim Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lakewood Shomrim Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Lakewood Shomrim Inc is above average for NTEE category I20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lakewood Shomrim Inc located?
Lakewood Shomrim Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 204862570. It is classified under NTEE code I20.
How many years of IRS 990 filings does Lakewood Shomrim Inc have?
Lakewood Shomrim Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Lakewood Shomrim Inc. a good charity?
Based on the provided financial data, Lakewood Shomrim Inc. appears to be a very good charity. It demonstrates strong financial growth, efficient spending with consistent surpluses, and a remarkable commitment to volunteer leadership with 0% officer compensation reported over a decade.
How has the organization's revenue grown over time?
The organization has experienced substantial revenue growth, increasing from $73,503 in 2013 to $460,935 in 2022, and reporting a latest revenue of $1,153,030, indicating a significant upward trend.
What is the organization's approach to executive compensation?
Lakewood Shomrim Inc. has consistently reported 0% officer compensation in all available filings, suggesting a volunteer-led executive structure.
How stable are the organization's finances?
The organization's finances appear stable, with consistent asset growth from $14,294 in 2013 to $395,613 in 2022, and relatively low liabilities compared to assets, indicating good financial management.
Filing History
IRS 990 filing history for Lakewood Shomrim Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Lakewood Shomrim Inc's revenue has grown by 527.1%, moving from $74K to $461K. Total assets increased by 2667.7% over the same period, from $14K to $396K. Total functional expenses rose by 534.6%, from $59K to $376K. In its most recent filing year (2022), Lakewood Shomrim Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $67K in liabilities against $396K in assets (debt-to-asset ratio: 16.9%), resulting in net assets of $329K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $461K | $376K | $396K | $67K | — | — |
| 2021 | $198K | $179K | $308K | $64K | — | View 990 |
| 2020 | $140K | $157K | $225K | $156 | — | View 990 |
| 2019 | $159K | $128K | $242K | $4K | — | View 990 |
| 2018 | $152K | $149K | $208K | $1K | — | View 990 |
| 2017 | $201K | $104K | $204K | $0 | — | View 990 |
| 2016 | $184K | $134K | $107K | $510 | — | View 990 |
| 2015 | $152K | $125K | $70K | $13K | — | View 990 |
| 2014 | $143K | $123K | $29K | $0 | — | View 990 |
| 2013 | $74K | $59K | $14K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $461K, expenses of $376K, and assets of $396K (revenue +133.3% year-over-year).
- 2021: Revenue of $198K, expenses of $179K, and assets of $308K (revenue +41.5% year-over-year).
- 2020: Revenue of $140K, expenses of $157K, and assets of $225K (revenue -12.4% year-over-year).
- 2019: Revenue of $159K, expenses of $128K, and assets of $242K (revenue +4.7% year-over-year).
- 2018: Revenue of $152K, expenses of $149K, and assets of $208K (revenue -24.2% year-over-year).
- 2017: Revenue of $201K, expenses of $104K, and assets of $204K (revenue +8.9% year-over-year).
- 2016: Revenue of $184K, expenses of $134K, and assets of $107K (revenue +21.2% year-over-year).
- 2015: Revenue of $152K, expenses of $125K, and assets of $70K (revenue +6.3% year-over-year).
- 2014: Revenue of $143K, expenses of $123K, and assets of $29K (revenue +94.7% year-over-year).
- 2013: Revenue of $74K, expenses of $59K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lakewood Shomrim Inc:
Data Sources and Methodology
This transparency report for Lakewood Shomrim Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.